Glossary

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What is indirect compensation?

Indirect compensation is a type of remuneration that typically encompasses non-monetary forms of payment. Direct compensation includes base pay, bonuses, commission, and incentives. Indirect compensation includes paid time off and overtime pay, as well as benefits that have financial value,…

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What is ONA (organizational network analysis)?

ONA is a structured charting method used to analyze how employees collaborate and contribute to…

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What is an HR business partner?

An HR business partner (HRBP) is a senior HR professional who collaborates with executives to…

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What is a change management model?

A change management model is a system that strategically assists companies in navigating through periods…

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What is cost per hire?

Cost per hire (CPH) is a recruitment metric that companies use to determine the expense…

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What is learning and development?

Learning and development (L&D) is an HR process that enables employees to upgrade their competencies…

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What is a sabbatical leave?

A sabbatical leave is a career break, usually between one and three months, that enables…

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What is due diligence?

Due diligence is the inspection of a business agreement to assess its integrity and the…

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What is workforce analytics?

Workforce analytics is a method of monitoring and examining employees’ work productivity to improve workflow.

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What is emotional intelligence in HR?

Emotional intelligence (EQ) is the ability to recognize and regulate emotions effectively.

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What is a confidentiality agreement?

A confidentiality agreement, also known as a non-disclosure agreement (NDA), is a binding contract between…

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What is employee retention rate?

Employee retention rate is a metric that measures the percentage of employees who remain employed…

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